This makes data available diversely and supports activities between the different departments. This is a software program that integrates different departments in the organization onto the same system. The twenty first century accountants have strategic software applications in place to prepare for the future such as Enterprise resource planning systems. The program is stored on the computer hard drive and the data is used to prepare the clients’ taxes. The accountant has the client’s sensitive information protected but yet at his/her fingertips, ready to perform statistical, accounting or forecasting analysis. Rather then bringing a suitcase full of file folders to a client’s place of business for review, the documents can be carried on an encrypted laptop or organized on an encrypted portable storage device. All the clients’ records can be stored and organized on an accountant’s computer system. He/she can analyze the data and interpret the clients’ financial statements so as to increase the client’s success.
Output, transfers the processed information to the accountant (Laudon, et al, 2006, p.16). This enables it to change the data into useful information. When the clients’ data is input into the computer program the processing cycle gives the computer instructions on how to process the clients’ data. Accountants work with systems programmers to develop a digital process that will organize their client’s history and all their documents. Not only does the client need to have proficient financial processes but the accountants themselves need software programs that keep track of clients accounting information with improved efficiency. Other IT Governance frameworks are the IT Infrastructure Library and ISO (Information Technology -Security Techniques- Code of Practice for Information Security Management). This guidance was obtained from Control Objectives for Information and Related Technology. In 2004, the ITGI published IT Control Objectives for Sarbanes-Oxley which helped to mainstream awareness of IT Governance and establish controls. The IT Governance concept is promoted by professional organizations such as, the IT Governance Institute which was established in 1998 and first published the IT Governance framework in that year. Not only must the IT systems support the organizational objectives but the organization must be in compliance with government regulations within the IT Infrastructure. Furthermore, you’ll have all the same questions available to people who might want to become clients. Alternatively, Moore recommends the Liscio messaging platform, which was designed with CPAs in mind and uses a smartphone app. Firms need to look to newer platforms, such as desktop communications software with text messaging options like Slack, Skype for Business, or Microsoft Teams.
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